DNP Select Income Fund Inc. (NYSE:DNP) Shares Sold by Independence Bank of Kentucky

Independence Bank of Kentucky reduced its position in shares of DNP Select Income Fund Inc. (NYSE:DNP) by 81.5% during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 3,566 shares of the investment management company’s stock after selling 15,700 shares during the period. Independence Bank of Kentucky’s holdings in DNP Select Income Fund were worth $31,000 at the end of the most recent reporting period.

Other large investors have also recently added to or reduced their stakes in the company. Truist Financial Corp increased its stake in DNP Select Income Fund by 18.9% during the second quarter. Truist Financial Corp now owns 90,605 shares of the investment management company’s stock valued at $745,000 after purchasing an additional 14,434 shares during the last quarter. Sanctuary Advisors LLC bought a new stake in shares of DNP Select Income Fund during the 2nd quarter valued at about $557,000. McLean Asset Management Corp acquired a new stake in DNP Select Income Fund during the third quarter worth about $202,000. Axiom Advisory LLC lifted its holdings in DNP Select Income Fund by 1.6% in the third quarter. Axiom Advisory LLC now owns 214,400 shares of the investment management company’s stock worth $1,960,000 after acquiring an additional 3,350 shares during the last quarter. Finally, Future Financial Wealth Managment LLC acquired a new position in DNP Select Income Fund in the third quarter valued at approximately $50,000. 8.51% of the stock is currently owned by institutional investors.

DNP Select Income Fund Trading Up 0.2 %

Shares of DNP Select Income Fund stock opened at $9.49 on Monday. DNP Select Income Fund Inc. has a twelve month low of $8.02 and a twelve month high of $10.04. The business’s 50 day simple moving average is $9.25 and its 200-day simple moving average is $9.35.

DNP Select Income Fund Dividend Announcement

The business also recently announced a dividend, which will be paid on Monday, February 10th. Shareholders of record on Monday, February 3rd will be paid a $0.065 dividend. This represents a yield of 8.24%. The ex-dividend date of this dividend is Friday, January 31st.

DNP Select Income Fund Profile

DNP Select Income Fund Inc is a closed ended balanced mutual fund launched by Virtus Investment Partners, Inc The fund is managed by Duff & Phelps Investment Management Co It invests in the public equity and fixed income markets of the United States. For the fixed income portion, the fund invests in bonds.